Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-02-25
ON. WALL STREET.
The Stock Market Opened Barely
Steady, Became Strong and SO Re.
manned Throughout the Day.
Texas and Pacific Issues Were the Special
Features Of the Day in Railway
Bond Transactions,l
COMMERCIAL RESUME.

Special to the Gazette.
NEW YORK, Feb. 24-Railway bonds
to-day sold as follows: Fort Worth and
Denver City at 904; Texas and Pacific in
comes at 454; Rios at s3E; Terminals at
81; Kansas and Texas SIS al S7i; do SIS
al 100; Houston and Texas Central at so {;
Gulf, Colorado and Santa Fe 2's at 104;
Missouri, Kansas and Texas IS at SD :;
do, IS at 100.
Sterling lower.
Money fat.
Governments firm.
Wheat quiet.
OIL closed at 62t.
Coffee steady.
Cotton point higher.
Texas and Pacific stocks and bonds
formed the feature of to-day's market.
GOVERNMENTS, STOCKS AND BONDS.
New YORK, FEB. - The news of the
day was almost entirely OF character to
induce the buying of stocks and the pur-
chasing was of better appearance than
has been seen for many days. The result
of the erman elections was seen in the
buying for London and German account
and to this was added 3 reduction in ster-
ling exchange rates, which preciuded the
expectation of gold for the immediate fu-
ture and so removed an element of dis
turbanCe. Rumors that certain infuen-
tial interests and heavy operators were
buying were circulated with more or
less effect. Several stocks were affect
ed by special causes, Texas and
Pacific being strong on the settlement be-
tween the opposing interests in reor9ani-
zation, Union Pacific on the growing be-
lief that the investigation bill will be
killed, Western Union on the decision
against the Commercial Telegram Com
pany, and Richmond and West Point on
the revival of the assertion that Georgia
Central would be soon absorbed. The
trunk lines were favorably affected by the
statement of Pennsylvania, which had
generally good influence upon the mar
Net. A sudden descend was made by
Jersey Central under heavy SELL
ing by room traders and a reac-
ton in the general market was affected at
the same time. The opening was barely
steady, the first prices showing insignitl
cant changes only from last evenings
hnal figures. Business was moderately
active and so remained throughout the
day. The market was strong from the
opening, Union Pacific beng the special
feature of the early dealings. frac-
tion4l reaction occurred before noon, but
Oy that time it WAS again strong, Texas
and Pacific becoming prominent. An
other reaction occurred after l p. m,
when Union Pacific gave way, but in the
last hour the advance again became gen.
eral Notwithstanding the break in Jersey
Central. Later, however, it re-
acted handsomely before the close,
which was active and strong
at or near the best prices of the day.
Railroad bonds were active and firm to
strong, the final quotations almost in
yariably showing fractional advances
The special features of the day, however,
were Texas ana Pacific issues which par
ticu!arly were active and strong under
the settlement of differences with the
income bondholders, and income trust
receipts closed AZ higher at $751; after
sales at IS, with total business of S784,-
900. The RIO trust receipts were 81 per
cent higher at 74s, after sales at IS on a
business of S6l7,000, and the new Pacific
trust receipts were q per cent. higher at
-! on business of 1881 900 in q total
business of S3,055 00G.
Government aud state bonds dull and
steady.